Is 46226, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 46226 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 46226 has remained a Seller's Market.

Key Takeaway

46226 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 46226, IN

How much do homes in 46226, IN cost?

Median Sold Price

$173,337

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,337(+5.1%)

Key Takeaway

Homes in 46226 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 46226 was $173,337 in October 2024, up 5.1% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $64.9K-
N/A
2 $150K$159.7K
+6.5%
3 $154.1K$160K
+3.8%
4 $223.4K$198.2K
-11.3%
5+ $450K$348.5K
-22.6%

Summary: 46226 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Zip Codes

46218
+18.2%
46216
+16.0%
46219
+6.1%
46220
+5.2%
46226
+5.1%

Housing Supply in 46226, IN

How many homes are available in 46226, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132146+10.6%

Summary: The 46226 real estate market had 146 homes for sale in October 2024, a 10.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1515
0.0%
3 8694
+9.3%
4 2427
+12.5%
5+ 79
+28.6%

Summary: The 46226 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3243+34.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 46226, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 46226 in October 2024, up by 34.4% month-over-month. Of the 43 sold homes, 51% were sold under asking, 19% were sold at asking, and 30% were sold over asking.

Days on Market for 46226, IN

How long does it take to sell a home in 46226, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days23 Days+1.4%

Summary: Homes in 46226 had an average of 23 days on market in Oct 2024, up by 1.4% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 46226 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 43 homes were sold in 46226; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 46226, IN

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